I purchased an investment property in 2011 which was rented out through 2016 and then became my primary residence for the past 4 years. I would like to place the property back into service in 2021 with the idea of eventually doing a 1031 exchange for another property with the intent of it eventually becoming my primary residence. I'm not sure what steps to take regarding the future depreciation. Do I continue with the original depreciation schedule whereby for 2021 tax filing, the property will be year 6 of the 27.5 year depreciation schedule?
